4 units in Imperial Beach Sold for $1,975,000

SAN DIEGO – May 24, 2018

ACI Apartments is pleased to announce the recent sale of 4 new construction units in the Imperial Beach neighborhood of San Diego. The approx. 6,400 square foot property situated on a 10,100 square foot lot located at 1036-1042 Fern Avenue was purchased by Plotts Real Estate, LP of San Diego for $1,975,000.

The buyer was represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. The seller, also from San Diego, Bergamot 1031 LLC was represented by Eric Wilson of West Coast Investments.

The built to condo standard units are all 3bd/2.5ba with their own APN and separate meters. The 1579 square feet units have a 2-car garage, fenced yard, white quartz countertops, soft close cabinets and stainless-steel fixtures. Final map and condo docs are all in process, so owner can rent them or sell them individually in the future.

About ACI Apartments INC.

ACI is the most successful income property brokerage firm in the county since 1982. They specialize in apartment and investment property transactions, and have maintained a solid performance despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income property escrows than any other firm in the county – that’s more properties than the number two and number three firms combined.  Please visit us online at www.aciapartments.com